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Summary

Hong Kong#x19;s laissez-faire tradition has crippled attempts to transform it into a more knowledge-intensive economy and this is a lesson with wide applicability. Many emerging economies face innovation bottlenecks, but even some more advanced economies face similar constraints and may benefit from the lessons of its negative example.

Author Biography

Douglas B. Fuller is Lecturer of International Business and Comparative Management, Kings College London, UK. His research centers on the technology development strategies of firms in emerging economies with a regional focus on developing Asia. He holds a PhD in Political Science from Massachusetts Institute of Technology, USA. He has served as Post-Doctoral Fellow at Stanford University's Stanford Project on Regions of Innovation and Entrepreneurship and taught at the School of International Service at the American University and in the Department of Management at the Chinese University of Hong Kong.